Association of Banks of Azerbaijan Prepares Second Package of Anti-crisis Advices for Banks
The Association of Banks of Azerbaijan (ABA) is not going to stop work on development of anti-crisis program for country’s banks. ABA executive director Farkhad Aliyev says that despite the Association’s Presidium has already endorsed the first recommendations to banks within the anti-crisis program the program-maker expert group is to continue its activity.
“Besides the four directions approved by the Presidium for submission to the banks, the expert group is also preparing a new package of recommendation proposals. They will be worked out in June or July,” Aliyev said.
The first package of proposals concerned the recommendations on strengthening of risk management practice and ensuring cash in ATMs. Thus,